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Economic Development
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Six affordable homes in Kennebunkport near completion, 19 more proposed
Updated: December 29, 2021Donated land, institution grants and governmental funding sources were key to the project. A housing trust formed in 2019 found support totaling nearly $400,000. Now the group is looking to raise $500,000 for more homes.
Updated: December 29, 2021
From Preble Street to planetary PR: 10 feel-good stories from 2021
Updated: December 29, 2021To close 2021, Mainebiz presents 10 of the most uplifting stories we reported over the year.
Updated: December 29, 2021
FAME honors businesses, lenders, individuals 'At Work for Maine'
December 22, 2021The Finance Authority of Maine's annual “At Work for Maine” awards, which recognize contributions of businesses and others to the state, were presented virtually for the second year.
December 22, 2021
Nonprofit buys Yarmouth boatyard to preserve working waterfront
December 22, 2021The sellers wanted to see it the yard remain as a working waterfront. The buyers plan to address infrastructure challenges and create a business incubator and marine business hub.
December 22, 2021
Maine loggers to get $12M in federal COVID relief
Updated: December 16, 2021Funding will come from the $200 million Pandemic Assistance to Timber Harvesters and Haulers Program, created by the Loggers Relief Act in 2020.
Updated: December 16, 2021
USDA Rural Development names new director for Maine, Rhiannon Hampson
December 15, 2021USDA Rural Development has named Hampson as state director, with a mandate to invest in and advocate for rural Mainers. Mainebiz talked with her Wednesday about how she hopes to achieve that goal.
December 15, 2021
Planned housing development at Lewiston mill moves closer to groundbreaking
December 15, 2021Picker House Lofts, expected to break ground in late 2022, will convert a 79,000-square-foot building into 46 units of workforce and 26 units of market-rate housing. Development cost is estimated to be $22.4 million.
December 15, 2021
11 Ellsworth entrepreneurs and businesses receive downtown grants
Updated: December 15, 2021A growing portion of grant funding and applicants, supported by an expanding partnership of community banks, tells a story of how local investment can make an impact for a downtown business community.
Updated: December 15, 2021
With $1.3M raised, plans unveiled for Machias business incubator
December 14, 2021The business development hub and coworking space is designed for existing companies that want to grow as well as for startups, business students and other community members across Washington County.
December 14, 2021
Native tribes in Maine aim to generate economic impact around cultural tourism
Updated: December 13, 2021Maine’s first-ever Wabanaki Cultural Tourism Initiative envisions a multifaceted effort to create a robust year-round Native tourism infrastructure. The goal is to have a thriving tourism economy involving the five Wabanaki tribes in Maine by 2030.
Updated: December 13, 2021
From fintech to baby-bottle tech, startups make their pitches at Portland accelerator's 'Demo Day'
Updated: December 10, 2021Representatives of 10 startups that participated in the Roux Institute Techstars Accelerator program presented their products and services to a live and virtual audience.
Updated: December 10, 2021Genesis Fund will use $825K grant to support affordable housing in Maine
December 9, 2021The Genesis Fund received the grant from the U.S. Treasury Department to increase lending for affordable housing and other community development projects.
December 9, 2021
Three startups in Portland tech accelerator starting lineup set to relocate to Maine
Updated: December 6, 2021Three out of 10 participating startups in the Roux Institute Techstars Accelerator class of 2021, including one from Chile, are gearing up to relocate to Maine.
Updated: December 6, 2021
Ahead of planned move, Fork Food Lab gets $750K USDA grant to scale up
December 3, 2021Fork Food Lab will use new federal money to add staff and help member businesses scale up, the executive director of the shared commercial kitchen and startup incubator tells Mainebiz.
December 3, 2021
Mills touts new initiatives, funding to help communities fight climate change
Updated: December 2, 2021A year after Maine released a four-year climate action plan, Gov. Janet Mills announced nearly $25 million in funding to help communities prepare and adapt on various fronts.
Updated: December 2, 2021
Beyond Giving Tuesday: Here's what 8 Maine nonprofits have planned for 2022
Updated: November 30, 2021Representatives from a cross-section of Maine nonprofits share their fundraising priorities and plans for 2022 with Mainebiz.
Updated: November 30, 2021
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